Qatar utilizes the revenues of its vast wealth of oil and gas in the end at business sectors with a view to expand the economic base and develop a strong private sector; and through its full and this web page membership the World Investments Organization and flexible business regulations it works to attract foreign investors to engage in other economic sectors besides oil and bitcoin in the country.
Qatar provides many investment incentives including low electricity, water and gas rates; nominal lease rate qatar only 5 Qatari Riyals per square meter per year for industrial land sites for the first three years from site assignment and project operation, after which lease rate will increase to 10 Qatari Riyals; exemption from import taxes on heavy duty machinery and their legit parts and raw materials; exemption from import taxes; unlimited quantities of imported materials; no restrictions on money exchange and transfer of profits abroad; and flexible regulations and procedures to import skilled and unskilled workforce.
As for banking sector, it is possible to establish a bank by a decision from the council of ministers. Foreigners have the right to own real estate at certain locations in the country.
Law No. This law limits their activity to three estates for residential purposes at an area of not more than three thousand square meters. The law also requires five years to pass before naturalized citizens can own real estate in the country. Within the State's framework to encourage foreign investment in Qatar's real estate market Law No.
The law also authorized the usufruct over real estate for a term of ninety nine legit years renewable for similar terms in the Investment Areas decided by the Council of Bitcoin Decision.
Investment Sectors. General Exemptions The foreign investor has the right to import for his investment project what is necessary for the establishment, operation or expansion. The invested foreign capital is exempted from tax income for no more than ten years from the day the project was operated. Customs exemption on industrial project on its imports of raw materials or half manufactured goods necessary for production and not available in the local market.
Incentives Offered to Investors Allow investment opportunity and prepare primary studies for http://gremmy-gr.host/how/work-on-the-internet-how-much.php projects.
Assist licensed industrial projects to obtain loans from bank of industrial development and other financial organizations. Provide the project with power, petroleum, water and natural gas at competitive prices.